Market Momentum Report: Veea Inc (VEEA)’s Positive Close at 2.83

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The price of Veea Inc (NASDAQ: VEEA) closed at $2.83 in the last session, up 4.81% from day before closing price of $2.70. In other words, the price has increased by $4.81 from its previous closing price. On the day, 0.14 million shares were traded. VEEA stock price reached its highest trading level at $2.9 during the session, while it also had its lowest trading level at $2.64.

Ratios:

We take a closer look at VEEA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 0.78.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, VEEA now has a Market Capitalization of 100993640 and an Enterprise Value of 41610820. For the stock, the TTM Price-to-Sale (P/S) ratio is 2019.78. Its current Enterprise Value per Revenue stands at 4.573 whereas that against EBITDA is -2.747.

Stock Price History:

Over the past 52 weeks, VEEA has reached a high of $18.56, while it has fallen to a 52-week low of $2.13. The 50-Day Moving Average of the stock is -35.80%, while the 200-Day Moving Average is calculated to be -69.12%.

Shares Statistics:

According to the various share statistics, VEEA traded on average about 350.98K shares per day over the past 3-months and 667120 shares per day over the past 10 days. Shares short for VEEA as of 1730332800 were 55562 with a Short Ratio of 0.33, compared to 1727654400 on 38869.

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